X-Men: First Class / Thor writers Ashley Miller and Zack Stentz (whose TV credits include Fringe and The Sarah Connor Chronicles) will act as executive producers to launch and guide the new show, alongside current Terminator film script bods Laeta Kalogridis and Patrick Lussier.

What plotlines will the show use? That info has not yet been released, for obvious spoiler reasons, but Deadline reports that it'll follow a plot moment from James Cameron’s 1984 original, yet spin it off in a completely different direction.

There are also ambitious plans for the new movie(s) and the show to intersect at different points, a little as Marvel has been trying to connect its Cinematic Universe with Agents Of S.H.I.E.L.D. with varying levels of complexity and success. And yet the Terminator idea appears to be even larger, approaching Ron Howard’s bold plan to turn Stephen King’s The Dark Tower into a series of linked shows and movies, though Howard has famously still not managed it. Perhaps with a proven brand, Team Terminator might have more luck.

The film, meanwhile, has Thor: The Dark World’s Alan Taylor overseeing its march to the screen in 2015, and Arnold Schwarzenegger attached to reprise his most famous role in some fashion. Current word on the movie is that Taylor and the producers are narrowing in on an actress to take over the role of Sarah Connor. Going through the phone book must be a tough way to do it…

Yeah, the strike had a negative impact, but despite it the ending to season 1 - the swimming pool raid - was just incredible and intense. As for the story arc, I concur that it can mean people find it easier to tune out, I guess it's the nature of the beast. However, and in my opinion, if you were to name the best shows on telly - past or present - you would find that they were all heavy on story arc. More

The Sarah Connor Chronicles also got screwed over somewhat by the writer's strike at the time. They had to rush the back end of Season 1, and I think Season 2 wasn't as well planned out as they hoped either.
The other problem with a show like that is the arcing storyline, very easy to switch it off and let if go if you miss a couple of episodes.
I thought it had great potential, shame it never took off. More